Published , by Bill Lavoy
Published , by Bill Lavoy
Amazon (AMZN) reported its Q2 2023 earnings results on Thursday, and the results are full of good news for the company. In addition to revenue and EPS beats, Amazon is also reporting a significant increase in online ad revenue year-on-year from Q2 2022.
Amazon reported $10.683 billion in online ad revenue in Q2 2023 compared to $8.757 billion in Q2 2022. That’s a year-on-year increase of 22 percent, which is a big jump by any standards.
Amazon’s earnings report had the following to say about the company’s advertising technologies:
It's been a day of positives, as Amazon Web Services reported $22 billion in revenue for the quarter, and Amazon posted beats for both EPS and revenue expectations.